The export of frozen fish from Singapore stood at 145 million US Dollars in 2023. The forecasted values show a steady increase from 150.51 million USD in 2024 to 173.34 million USD by 2028. Year-on-year variations are as follows:
- 2024-2025: 3.91%
- 2025-2026: 3.68%
- 2026-2027: 3.48%
- 2027-2028: 3.30%
Over the forecasts from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is approximately 3.64%, indicating a consistently growing market for frozen fish exports from Singapore.
Future trends to watch for include advancements in cold chain technology, changing dietary preferences towards more seafood, and potential trade agreements that may further boost exports. Additionally, fluctuations in global fish supply and demand due to environmental factors could play a significant role in shaping this market.
